When you're going to get a divorce, one of the things that you should do is have your assets assessed for their values. While you know what you purchased certain items for, their values may have changed over time.
In 2019, tax changes have significantly impacted divorce settlements. In 2018, it was announced that alimony would be taxed, and that meant that anyone who finalized a divorce in 2019 would face new tax liabilities. The spouses who pay alimony can't deduct alimony on their taxes any longer, and those who receive it don't have to claim it as income.
Divorces are frustrating for the people involved, and they can stem from many issues in the relationship. If you're not yet sure if a divorce is the right answer for you, then you may want to learn more about some of the most significant killers of relationships.
A divorce isn't always easy, but it's sometimes a necessity that comes after years of marriage or months of trying to work through difficulties. The reality is that some people do better when they're not in a relationship with each other, and a divorce can help that happen. Unfortunately, ending a marriage is not as simple as ending a relationship with a boyfriend or girlfriend. There are legal steps to take to make sure you resolve issues with your divorce and that you can start fresh.
If you are a parent going through a divorce and your first holiday season as newly single, it may feel overwhelming. Perhaps Thanksgiving didn't go as planned, and you're dreading spending the winter holidays as a single parent.
Going through the divorce process will be tough on you. Just the same, you can expect your children to face difficulties along the way. It's your job to do whatever it takes to put their mind at ease during this challenging time.
If the time has come to ask your spouse for a divorce, there are sure to be many things running through your mind. Even though it's a scary situation, you need to proceed in order to get your life back on track.
Research suggests that the U.S. has seen a substantial drop in the divorce rate in recent years.